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20121201
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. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
it. if he hopeful we will get a last minute deal? stephen moore. look, you are here earlier this month and said we will be back here talking with you. >> here we are. ashley: we are getting inklings of some sort of deal being put together. >> i heard for the first time what you just heard. the framework of that deal -- i think that was something that probably could make it through the senate and the house. nancy pelosi will have to deliver anywhere from 50-100 votes from her democratic office. but, of course, let's not forget that gets us around the immediate problem of what they are calling the fiscal cliff. this is just act one. then we deal with the dead ceiling. this was just the idea of an opening bid, if you will. i think it will be good news for the market if a deal like this were enacted. shibani: you are talking about the markets. i want to ask you about their role in getting to this point. we have seen steep declines. multi- hundred point the kleins in some instances, we have not been met in this case. is this part of the reason we are in this position? >> well, yo
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